Visioneering Technologies (ASX:VTI) Cash Ratio : 1.71 (As of Dec. 2023)

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What is Visioneering Technologies Cash Ratio?

The Cash Ratio measures a company’s ability to meet its short-term obligations with cash and near-cash resources. It is calculated as a company's Cash, Cash Equivalents, Marketable Securities divides by its Total Current Liabilities. Visioneering Technologies's Cash Ratio for the quarter that ended in Dec. 2023 was 1.71.

Visioneering Technologies has a Cash Ratio of 1.71. It generally indicates that the company is able to cover all short-term debt and still have cash remaining.

The historical rank and industry rank for Visioneering Technologies's Cash Ratio or its related term are showing as below:

ASX:VTI' s Cash Ratio Range Over the Past 10 Years
Min: 0.89 Med: 3.56 Max: 12.4
Current: 1.71

During the past 7 years, Visioneering Technologies's highest Cash Ratio was 12.40. The lowest was 0.89. And the median was 3.56.

ASX:VTI's Cash Ratio is ranked better than
59.3% of 855 companies
in the Medical Devices & Instruments industry
Industry Median: 1.23 vs ASX:VTI: 1.71

Visioneering Technologies Cash Ratio Historical Data

The historical data trend for Visioneering Technologies's Cash Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Visioneering Technologies Cash Ratio Chart

Visioneering Technologies Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash Ratio

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1.08

0.89

5.18

3.56

1.71

Visioneering Technologies Semi-Annual Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash Ratio	Get a 7-Day Free Trial									5.18	4.12	3.56	0.97	1.71

Competitive Comparison of Visioneering Technologies's Cash Ratio

For the Medical Devices subindustry, Visioneering Technologies's Cash Ratio, along with its competitors' market caps and Cash Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Visioneering Technologies's Cash Ratio Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Visioneering Technologies's Cash Ratio distribution charts can be found below:

* The bar in red indicates where Visioneering Technologies's Cash Ratio falls into.

Visioneering Technologies Cash Ratio Calculation

The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.

Visioneering Technologies's Cash Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash Ratio (A: Dec. 2023 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	4.481	/	2.623
	=	1.71

Visioneering Technologies's Cash Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash Ratio (Q: Dec. 2023 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	4.481	/	2.623
	=	1.71

Visioneering Technologies (ASX:VTI) Cash Ratio Explanation

The cash ratio is more conservative than other liquidity ratios, such as Quick Ratio and Current Ratio, because it only considers a company's most liquid resources. The numerator of cash ratio only considers Cash, Cash Equivalents and marketable securities. Other current assets, such as accounts receivable and inventories, are not included. The rationale is that these assets may require time to be transformed into cash, and the amount of money received is also uncertain.

The cash ratio shows a company’s ability to pay all current liabilities immediately without selling or liquidating other assets. Generally speaking, a higher cash ratio suggests the company has a stronger ability to cover its short-term debt. However, a high cash ratio could also indicate inefficient management: the company is inefficient in making full utilization of cash to invest protential profitable project. It may also suggest that the company is not confident about future profitability.

In general, the higher the cash ratio, the better the company's liquidity position.

Visioneering Technologies Cash Ratio Related Terms

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Visioneering Technologies (ASX:VTI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Visioneering Technologies Inc (ASX:VTI) » Definitions » Cash Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

10745 Westside Way, Suite 200, Alpharetta, GA, USA, 30009

Website

http://www.vtivision.com

Visioneering Technologies Inc is a medical device company. It designs, manufactures, sales and distributes its NaturalVue daily disposable multifocal contact lenses for adults with Presbyopia and children with Myopia. The company offers NaturalVue MF contact lenses. Its Multifocal contact lens provides Presbyopia patients with near, intermediate, and distance vision and which is much easier for eye care professionals to fit their patients.